Electronic NODX also fell but from the high base in June 2023. This month, electronic NODX fell by 9.5% y-o-y. Telecommunications equipment, disk media products and integrated circuits (ICs) declined by 50.5%, 25.4% and 8.0% respectively, contributing the most to the decline.
Singapore’s non-oil domestic exports (NODX) declined by 8.7% on a y-o-y basis in June, after May’s 0.7% decrease.
The decline was attributed mainly to non-electronic products, which fell by 8.5%. Non-monetary gold, specialised machinery and food preparations fell by 51.1%, 10.3% and 16.3% respectively, contributing the most to the decline in non-electronic NODX.
